Is Houston Finally a Buyer’s Market? What You Need to Know Before Making a Move
📊 Why this matters now
Fresh stats from the Houston Chronicle show affordability is ticking upward: about 39% of local households can now afford a median-priced home of $349,400. That’s up from 37% last year. Why?
- Mortgage rates dipped slightly (now averaging around 6.8%).
- Median home prices have cooled a bit.
💡 Translation: the door is cracking open for buyers who were feeling shut out before.
🔎 What’s shifting in Houston’s housing landscape?
- Rising Inventory → More homes are hitting the market, which means buyers finally have choices.
- Cooling Prices → The median price dipped about 3% to roughly $345,000. Not a huge crash—but just enough to give buyers leverage.
- Longer Days on Market → Homes are taking about 75 days to sell (compared to 64 last year). Sellers are waiting longer = more negotiating power for you.
- Seller Frustration → Some sellers are pulling listings off the market instead of cutting prices (MarketWatch). This makes the ones who stay… more flexible to work with.
💬 What this means for you
- Negotiation is back 🎉 → Price, repairs, even closing costs are all on the table.
- More time to breathe → You’re not rushing against 10 other offers.
- Strategy matters more than ever → With choices comes the need for a guide who knows which homes are worth it, and which are lipstick-on-a-pig.
👉 Bottom line: If you’ve been holding back because the market felt too competitive or too expensive, Houston is giving you a window of opportunity right now. Don’t wait until rates jump or inventory tightens again.
Karishma Naidu Vohra is a dedicated real estate agent renowned for her entrepreneurial spirit and commitment to excellence. After developing her skills in Los Angeles, she found her true passion in Houston, where she specializes in buying, renting, and selling properties.